ECONOMY

Oil price on world markets

On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.48 to stand at $49.99.Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) raised $0.53 to trade at $53.03.The Marketing and Economic Operations Department of the State Oil Company of Azerbaijan said the price of a barrel of Azeri Light crude oil decreased $0.11to stand at $54.65 on the world markets.